Czech Republic: Economic sentiment at 17-month high in May
May 24, 2021
The economic sentiment indicator, published by the Czech Statistical Office (CSO), jumped to 99.7 in May from 94.7 in April, logging the best print since December 2019.
The business confidence index soared in May, coming in at 99.1, from April’s 94.8 reading. The improvement was broad-based, with sentiment strengthening in the construction, industry, trade and selected services sectors.
Meanwhile, consumer confidence surged in May, with the index rising to 102.8 from 93.9 in April. The increase reflected consumers’ easing concerns regarding unemployment as well as the economic situation over the next 12 months. That said, concerns about inflation remained high.